How to Fix Broken Supply Chains | Dustin Burke | TED

Supply chain challenges are real, but they're not new, says global trade expert Dustin Burke. In the face of disruptions ranging from natural disasters to pandemics, how do we make sure supply chains can keep up? Burke offers a combination of solutions -- from companies sharing risk to better forecasting disruptions -- to help create a more resilient, efficient tomorrow.

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[apidas]

this guy is very well spoken. absolute professional

[LisaOwen-]

Pooling risks in this way is not only a brilliant suggestion for maintaining supply chain agility while building resilience, but is on point towards achieving greater sustainability in operations in a way that also supports a healthier bottom line. Very insightful presentation indeed.

[somgears]

If you consider the supply chain, the costs go up steeply. Large companies may be able to lay out multiple supply chains to share the risk, smaller companies simply don't have that ability.

[toni]

It happened everywhere, Australia too. One only per person in the supermarket. It still ran out.

[AkshayKumar-jmqd]

It is very important to learn from these experts how they share the knowledge about the experience in Logistics and Supply chain.

[chapinero]

Work in community and prosperity will come.

[spanishrose]

Very informative and easy to understand. Thank you

[GaasubaMeskhenet]

lighten the burden by letting people have the free time to do the works they find enjoyable! I want to grow food and do repairs! end forced labor! no more evictions from primary residences! let the people and the planet rest!

[ابراهيمالرفاعي-هت]

Sharing risks, this is how to build a resilience supply chain for a whole industry.
This point of view indicated Mr. Dustin's depth thinking about the supply networks.

[noelnakka]

Quite commendable piece of advice on supply chain management. Really its an honour to hear from these experience people

[DS-pett]

Yes, please, lessons learned instead of repeating the cycle (meaning never learning from/changing behavior).

[steverocksyo]

When restaurants were shut down, they should have still had them prepare food or at least package them, then the government could have subsidized the cost. But instead we threw all that food away because it wasn't packaged to consumers. Same with cruise ships, they could've processed that food. You saw the lines of middle class waiting at food banks.

[krishagarwal]

what a great speaker really captivating

[atenas]

sharing risk - difference between insurance is that companies are competitors not neighbors, if your competitor has a supply chain disruption, that is a positive advantage for your company - which may even be survival

[dayanakamilia]

Understandable, Thank you for your explanation ❤

[GaasubaMeskhenet]

lighten the burden by producing for need instead of profit. end forced labor. let the people and the planet rest. no more evictions from primary residences!!

[aksharmaharaj]

This is very interesting. I've seen companies like OpenTrade doing this in Africa but because of legal disclosure policies (POPI act in South Africa), how can you view your suppliers' suppliers if they do not give consent to show who they're supplying?

[toddhensley]

Insurance might be a bad analogy. How well would insurance companies fare if everyone got into a car crash at the same time?

[atenas]

QUESTION - supply chain issues now seem like a "perfect storm" similar to Great Depression - economic and ecological issues occurring at the same time - how much of this is 1 in 100 year supply issues? Don't know, just asking

[alexanderstewart]

Is this Ted from Breaking Bad? I thought that dude ran his company into the ground.